A new proposal aims to save TikTok from shutting down in the United States by involving investments from US-based venture capital firms, private equity funds, and tech companies. The deal would create a new US-based company that operates the app domestically. Key investors include Oracle, Andreessen Horowitz, and Silver Lake, with Chinese shareholders holding the remaining stake. The framework has been agreed upon by US and Chinese negotiators in Madrid, although it is still under discussion.
According to sources, a majority of the investors will own an 80% stake in TikTok’s US assets, while the deal also includes a US-led board with a member appointed by the Trump administration. Oracle executive chairman Larry Ellison has been involved in discussions to buy TikTok’s US assets and was previously rumored to be part of the talks.
The proposal is seen as a crucial step towards avoiding the app going dark in the United States, which would have happened if the previous extension was not signed. The deal is expected to address US national security concerns and China’s willingness to approve the agreement. While details are still under discussion, US Treasury Secretary Scott Bessent says that both sides have reached a satisfactory agreement for US interests.
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Source: https://edition.cnn.com/2025/09/16/tech/tiktok-ban-extension-trump